Date: Fri, July 04, 2025 | 07:05 AM GMT
As Q3 begins, the cryptocurrency market is carrying forward the bullish momentum from a strong Q2. Bitcoin (BTC) led the charge last quarter, gaining nearly 30%, and is now hovering around $109,000. Despite today’s minor pullback, the bigger picture suggests that Bitcoin might just be preparing for its next major move — possibly toward a new all-time high (ATH).
Source: Coinmarketcap Retesting Bullish Flag Breakout
On the 4-hour chart, Bitcoin appears to have broken out of a bullish flag pattern — a continuation pattern typically followed by a significant upward move. This pattern has been in play since BTC’s rejection from its current ATH of $111,991 back on May 22. The flag structure has guided BTC through a period of consolidation, with multiple highs and lows forming a downward-sloping channel.
A recent strong bounce from the key support near $98,000 propelled Bitcoin to break above the flag’s resistance zone, reaching a local high of $110,530. This breakout caught the attention of technical traders as it came with increased momentum and matched the classic flag breakout playbook.
Bitcoin (BTC) 4H Chart/Coinsprobe (Source: Tradingview) Now, BTC is undergoing a retest of the breakout zone — a healthy sign in technical terms. The price has pulled back toward the $109,000 region, with a possible dip to the $108,500 trendline support. If BTC can successfully hold this level and bounce, it would confirm the breakout and set the stage for a major rally.
What’s Next for BTC?
If Bitcoin bounces from the $108,500 support zone, this would complete a textbook retest and signal strength for the bulls. In that case, BTC could begin targeting a new all-time high, with the technical breakout target estimated around $146,000 — a significant 33% upside from current levels.
However, if BTC fails to hold this key support and falls back into the flag pattern, it could delay the bullish breakout scenario and lead to more consolidation.
